Market Midday, 2 July 2026: Sensex And Nifty 50 Rally

The Sensex and Nifty traded higher on Thursday’s afternoon session. They were supported by a sharp rally in information technology stocks (IT) and softer crude oil prices. The drop in oil prices came after the United States and Iran concluded talks in Doha. At 12:16 pm, the Sensex was up 0.48%, while the Nifty 50 was up 0.42%.

The broader market also traded in the positive. At 12:18 pm, the:

• Nifty Midcap 100 index was up 0.59%

• Nifty Smallcap 100 index was up 0.91%

Among sectoral indices, the Nifty IT index emerged as a robust performer. Apart from it, buying was also visible in Nifty Realty and Nifty Consumer Durables.

Top Stocks On Nifty 50

Stocks of the following companies emerged as the top five performers on the Nifty 50 index at 12:20 pm:

• Infosys Ltd.

• HCL Technologies Ltd.

• Tata Consultancy Services Ltd.

• Tech Mahindra Ltd.

• Wipro Ltd.

Stock-Specific Action

• Zee Entertainment Enterprises Ltd shares rose as much as 3% in early trade after its board approved capital infusion of up to ₹3,143.52 crore.

• Infosys, TCS and HCL Technologies shares gained in early trade, which lifted the Nifty IT index to nearly 4% after a four-session slump.

• Vedanta Iron and Steel shares hit a 10% upper circuit and touched a record high of ₹42.64 in early trade on the National Stock Exchange (NSE).

• Tamilnad Mercantile Bank shares rallied 4.52% in early trade after the company released its provisional business update for Q1FY27.

IPO Corner

Today is the last day for bidding for these small and medium-sized initial public offerings (IPOs):

• Kratikal Tech

• Vinit Mobile

• Sampark India Logistics

• Seemax Resources

• Atharva Polyplast

• Teja Engineering Industries

Also Read- GNI Infrastructure Files Draft IPO Papers With SEBI; Funds To Support Working Capital

Market participants are likely to watch whether benchmarks sustain their gains through the second half of the session. Continued strength in IT stocks and stability in global crude oil prices could help support sentiment in the remaining hours.